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Orbital ATK developed a modified version of the Bushmaster II, known as the Mk44 STRETCH, which can fire the 30x173 mm Mk310 PABM-T airburst round. [9] [10] In January 2020, Northrop Grumman revealed the development of proximity airburst rounds for the LCS' 30 mm gun modules to destroy small unmanned aerial vehicles (UAVs). Since the modules ...
The prime contractor was Alliant Techsystems – later merging with Orbital Sciences Corporation to form Orbital ATK, in turn being taken over by Northrop Grumman and renamed Northrop Grumman Innovation Systems – and the industry team includes Interstate Electronics Corporation. [3] By April 2018, more than 25,000 PGKs had been produced. [4]
The spinoff was immediately followed by an all-stock merger of ATK's Aerospace and Defense Groups with Orbital Sciences; Orbital shareholders received ATK common stock as consideration. The combined company was named Orbital ATK Inc. [ 7 ] On October 28, 2014, ATK announced that it would be seeking approval of issuance of shares to Orbital ...
The turrets are designed to mount a 25mm Oerlikon KBA or 30/40mm ATK Mk44 Bushmaster II autocannon. The main armament may mount a co-axial machine gun. A variant allows the operator to aim and fire anti-tank missiles. The turret, and its weapons, can be operated by a single individual. [1]
The deal officially closed on February 9, 2015. ATK's sporting-goods division spun off to form Vista Outdoor on the same day. [4] On September 18, 2017, Northrop Grumman announced plans to purchase Orbital ATK for US$7.8 billion in cash plus assumption of US$1.4 billion in debt. [5] Orbital ATK shareholders approved the buyout on November 29 ...
The upgrade mounts a larger Alliant Techsystems Mk44 Bushmaster II 30 mm cannon for a 500-meter range increase, as well as a coaxial .50 caliber M2 heavy machine gun. Elevation is increased to +75 degrees for engaging UAVs and helicopters, and ammunition storage is greater at 420 30 mm rounds.
The stock started 2024 with a pretty expensive multiple, only to end the year with an even pricier one (shares go for almost 42 times trailing price-to-earnings (P/E)).
On 29 April 2014, Orbital Sciences announced that it had entered into a definitive agreement with Alliant Techsystems to combine Orbital and ATK's Aerospace and Defense (A&D) Groups to create a US$4.5 billion (combined calendar year 2013 annual revenue), 13000-person company. The new company was called Orbital ATK, Inc. [3]